The country, Inflateland, has the following CPI data: Year Value of the market basket of goods CPI 2006 (base year) $20,000 2007 $22,000 2008 $25,000 Complete the chart, calculating the CPI value for each year. What was the inflation rate from 2006 to 2007? What was the inflation rate from 2007 to 2008? (round to the nearest whole number) The inflation in 2008 was due to a decrease in household indebtedness. Identify if this created cost-push or demand-pull inflation. Explain how the type of inflation you identified in part i occurred as a result of a decrease in household indebtedness. Identify two problems of using the CPI as a measure of inflation